Government Employees

There is a frightening trend in the economy, especially now. There are more Government employees now than ever before and they are getting paid far more than those in the private sector.

I did a simple calculation, albeit limited, and asked the question, how much money must I have in the bank to make a salary based on Treasury interest to equal a government employee. That gives a measure of what the problem is.

First I did it assuming we use a 10 year Treasury, and you need about $12 million, twice what you did a few years ago.



















Now 10 years is a long risk period, say we do 3 months. Look below!



















We are now down to $100 million but it had gotten as high as $500 billion.

An interesting metric, and salaries that are hard to meet in the private sector. And yes you cannot get fired, you get great benefits and pay no Social Security!

Pretty soon we will have one Government employee per real person working.